Conocophillips
What the Big Oil executives told Trump about investing in Venezuela
Leading U.S. oil executives told President Donald Trump at the White House on Friday that Venezuela will need major reforms to attract investment. Trump said Friday the industry would invest at least $100 billion to rebuild Venezuela’s energy sector with U.S. security guarantees. But the CEOs of big oil companies like ExxonMobil and ConocoPhillips did […]
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Trump says oil companies will spend $100 billion in Venezuela with U.S. government protection
President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolas Maduro. Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance, and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and […]
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Jobs data, a potential tariff ruling, the latest on Venezuela and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. These introductions have been helpful in reminding me what day it is amid such a busy news week, but I’m still struggling to get the hang of writing that we’re in 2026. Stock futures are near flat this morning. The […]
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Trump’s defense spending plans, Venezuelan oil, Ford’s eyes-off driving push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you can’t already tell from reading this newsletter, I’m a big cliché user. So with the S&P 500‘s first losing day of the year, maybe traders can seek solace from the age-old saying: It’s a marathon, not a sprint. […]
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Trump reserves right to use military force to secure oil interests in Venezuela, White House says
U.S. President Donald Trump prepares to depart for the Army/Navy football game in Baltimore, at the White House in Washington, D.C., Dec. 13, 2025. Aaron Schwartz | Reuters President Donald Trump reserves the right to use military force to secure oil interests in Venezuela, White House press secretary Karoline Leavitt said Wednesday. “The president, of […]
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Trump says Venezuela to give up to 50 million barrels of oil to U.S.
An oil tanker is docked at a pier at the El Palito refinery of the state oil company PDVSA. Jesus Vargas | Picture Alliance | Getty Images President Donald Trump said Tuesday evening that the interim authorities in Venezuela will be turning over between 30 million to 50 million barrels of oil to the United […]
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The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
A Chevron gas station in San Francisco, Oct. 28, 2025. Jason Henry | Bloomberg | Getty Images President Donald Trump’s call for U.S. oil companies to rebuild Venezuela’s energy sector after the overthrow of President Nicolás Maduro is easier said than done. Chevron holds the advantage as the only major U.S. oil company currently operating […]
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Venezuela chaos could lead to billions in investment opportunities, one consultant says
The future of Venezuela remains unclear after the U.S. launched a ground attack and ousted President Nicolas Maduro over the weekend. But amid the uncertainty, some investors see the potential for lucrative, long-term opportunities in the South American nation that has long been closed to much international business. At least Charles Myers, chairman of the […]
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Maduro overthrow could help these U.S. oil companies recover assets seized by Venezuela
Regime change in Venezuela could pave the way for the return of U.S. oil majors to the South American nation, which has the largest proven crude oil reserves in the world. President Donald Trump called for U.S. oil companies to invest billions of dollars in Venezuela’s energy sector, hours after U.S. forces captured Venezuelan President […]
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Shares of Chevron jump 7% after Trump’s military intervention in Venezuela
The Chevron logo is seen at a gas station on July 18, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of U.S. oil companies soared in premarket trade on Monday, as investors scrutinize the fallout from the Trump administration’s surprise military operation in Venezuela. Chevron shares rose 7.6% at 10:25 a.m. London time […]
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